Mixed-Use Commercial
For Sale
Contact for pricing
1116 S La Brea Avenue, Inglewood, CA 90301
Commercial building with INC3 zoning supporting retail, office, showroom, service, and owner-user applications.
Property Size8,700 SF
Lot Size0.34 Acres
Price / SF$287.36
Days on Market8
Property Features for 1116 S La Brea Avenue
General Information
Standard status
Active
Size
8,700 SF
Lot size
0.34 Acres
Property subtype
Retail, Office
Zoning
INC3
Additional Details
Asking Price
$2,500,000
Building Details
Buildings
1
Building Size
8,700 SF
Listing Agency:
Marcus & Millichap - Orange County
Listed By:
Parham Khoshbakhtian · License #01446947
(949) 929-5901
Source:
Crexi
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 21 at 7:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes an approximately 8,700-square-foot building on a 14,703-square-foot parcel. INC3 zoning supports a range of identified applications, including retail, office, showroom, service commercial, and owner-user use. The configuration provides occupancy flexibility for businesses seeking a commercial building with multiple potential functions.
The property is located along S La Brea Avenue in Inglewood, with proximity to SoFi Stadium, Intuit Dome, Hollywood Park, YouTube Theater, and The Kia Forum. Its position places the asset between Downtown Los Angeles and LAX, within an established commercial corridor undergoing public and private investment.
The property is located along S La Brea Avenue in Inglewood, with proximity to SoFi Stadium, Intuit Dome, Hollywood Park, YouTube Theater, and The Kia Forum. Its position places the asset between Downtown Los Angeles and LAX, within an established commercial corridor undergoing public and private investment.
Key Highlights
- Approximately 8,700‑square‑foot commercial building
- 14,703‑square‑foot parcel
- INC3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$219,909
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,398,180
$4.4M
Cap Rate 7%
$3,141,557
$3.1M
Cap Rate 9%
$2,443,433
$2.4M
Market Conditions
NOI Build-Up for 8,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$321.6K $36.96/SF
− Vacancy
−$7.4K −$0.85/SF
EGI
$314.2K $36.11/SF
− OpEx
−$94.2K −$10.83/SF
NOI
$219.9K $25.28/SF
Area
Inglewood, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,398,180
Cap Rate 7%
$3,141,557
Cap Rate 9%
$2,443,433
Alternative Uses
Best Use
Retail
$3.14M
$2.75M – $3.67M
NOI $219,909 @ 7.0% cap · market cap 8.80%
Second Best
Office B
$2.66M
$2.33M – $3.11M
NOI $186,354 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,472 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,932
Businesses Nearby
Explore this area
Business Placement
Demographics for 90301, CA
36,270
Population
12,884
Households
2.8
Avg Household Size
37
Median Age
20%
College-Educated
73%
High-School Grad
2.5 sq mi
ZIP Area
14,508
Density / Sq Mi
$62,991
Median Household Income
$33,884
Median Earnings
$1,658
Median Rent
$698,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building with INC3 zoning supporting retail, office, showroom, service, and owner-user applications.
Where is this mixed-use property located?
The property is located at 1116 S La Brea Avenue Inglewood, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 8,700‑square‑foot commercial building; 14,703‑square‑foot parcel; INC3 zoning
